Texas § 14.252 AMOUNT OF PENALTY.

Texas Statutes

§ 14.252 — AMOUNT OF PENALTY.

Texas § 14.252

Code FIFinance Code

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Bluebook

Tex. Finance Code Code Ann. § 14.252 (2026).

Text

Sec. 14.252. AMOUNT OF PENALTY.

(a)The commissioner may assess an administrative penalty for a violation in an amount not to exceed $1,000 for each day of the violation.

(b)The aggregate amount of penalties under this subchapter that the commissioner may assess against a person during one calendar year may not exceed the lesser of:

(1)$100,000; or

(2)an amount that is equal to the greater of five percent of the net worth of the creditor or $5,000.

(c)In determining the amount of an administrative penalty, the commissioner shall consider:

(1)the seriousness of the violation, including the nature, circumstances, extent, and gravity of the prohibited act;

(2)the extent of actual or potential harm to a third party;

(3)the history of violations;

(4)the amount necessary to deter future

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Sec. 14.252. AMOUNT OF PENALTY. (a) The commissioner may assess an administrative penalty for a violation in an amount not to exceed $1,000 for each day of the violation.
(b) The aggregate amount of penalties under this subchapter that the commissioner may assess against a person during one calendar year may not exceed the lesser of:
(1) $100,000; or
(2) an amount that is equal to the greater of five percent of the net worth of the creditor or $5,000.
(c) In determining the amount of an administrative penalty, the commissioner shall consider:
(1) the seriousness of the violation, including the nature, circumstances, extent, and gravity of the prohibited act;
(2) the extent of actual or potential harm to a third party;
(3) the history of violations;
(4) the amount necessary to deter future violations;
(5) efforts to correct the violation; and
(6) any other matter that justice may require.

Legislative History

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by: Acts 2005, 79th Leg., Ch. 1018 (H.B. 955 ), Sec. 4.03, eff. September 1, 2005.